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Rick Caruso: “Palisades had a big percentage of people that lived there…”

Featuring: Rick Caruso, Founder and Former CEO of Caruso | California

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Rick Caruso Discusses Public and Private Leadership at Stanford Graduate School of Business

Published | Video Starts at 21:38

… doing to help get those people back into their communities is very different from what maybe a Malibu needs. But embedded in all of these communities, people tend to generalize. Palisades had a big percentage of people that lived there, that had lived there for 30, 40, 50 years, that were underinsured, maybe house rich, cash poor, cannot afford to rebuild. And that's very sad. And same in Malibu, certainly the same in Altadena. So there are multiple strategies in each of these communities. (21:38–21:56)

CLAIM

Asserts that many long-term residents in Palisades are underinsured and cannot afford to rebuild.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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